Global insight

EU steel decarbonization may outstrip iron ore pellet supply, encourage innovation

The IIMA forecasts a gap in 2033 of around 34 million mt in DR-grade iron ore pellets factoring in demand growth from global DRI plants, in a November presentation.

Wednesday, January 3, 2024

Agnico Eagle invests $17 million for 12% of Canada Nickel

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has made a C$23.1 million ($17m) investment in the recent flow-through offering from Canada Nickel Company (TSXV: CNC), acquiring 19.6 million units at a price of C$1.18 per unit. This gives Agnico a non-diluted equity ...

Wednesday, January 3, 2024

Steelmaking deal aimed at better welding Japan to Washington's geopolitical strategy

The proposed purchase of US Steel by Nippon Steel has made a big splash since it was disclosed last week.

Tuesday, January 2, 2024

Eramet, Vibrantz ink manganese ore supply agreement for Mn-based battery techs

French mining firm Eramet and American chemical coatings company Vibrantz Technologies announced a 10-year supply agreement for manganese ore late last month,

Tuesday, January 2, 2024

Iran spending 60% less hard currency on steel production

Bahram Sobhani referred to the role of the indigenization movement in reducing the use of foreign currency in steel production

Tuesday, January 2, 2024

Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company

Indonesian miner Aneka Tambang has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL).

Tuesday, January 2, 2024

US extends steel TRQs for EU for another two years

The US has determined that specified volumes of steel product imports from the European Union will no longer threaten to impair national security

Tuesday, January 2, 2024

Nickel is year’s biggest metals loser, copper manages small gain

In a mostly lackluster year for metals trading, nickel emerged as the worst performer and might not see a reprieve anytime soon.

Tuesday, January 2, 2024
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